EP Energy Corp. (EPE) Trading Up 9%
Shares of EP Energy Corp. (NYSE:EPE) were up 9% during trading on Tuesday . The company traded as high as $4.67 and last traded at $4.62, with a volume of 2,445,794 shares trading hands. The stock had previously closed at $4.24.
A number of analysts have commented on EPE shares. Northland Securities downgraded shares of EP Energy Corp. from a “market perform” rating to an “underperform” rating and set a $2.00 price objective for the company. in a report on Monday, March 21st. Bank of America Corp. cut shares of EP Energy Corp. from a “neutral” rating to an “underperform” rating and set a $3.00 price target for the company. in a research note on Tuesday, March 22nd. Capital One Financial Corp. cut shares of EP Energy Corp. from an “equal weight” rating to an “underweight” rating in a research note on Tuesday, March 22nd. KLR Group reissued an “accumulate” rating and issued a $7.00 price target (up previously from $6.00) on shares of EP Energy Corp. in a research note on Tuesday, March 22nd. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $7.00 price target (up previously from $3.00) on shares of EP Energy Corp. in a research note on Wednesday, March 23rd. Seven research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $5.70.
The firm’s 50 day moving average price is $5.44 and its 200 day moving average price is $4.45. The stock’s market cap is $1.07 billion.
EP Energy Corp. (NYSE:EPE) last issued its earnings results on Wednesday, May 4th. The company reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.18. During the same quarter last year, the firm earned $0.13 EPS.
Other hedge funds have modified their holdings of the company. GSA Capital Partners LLP boosted its stake in shares of EP Energy Corp. by 24.6% in the fourth quarter. GSA Capital Partners LLP now owns 305,933 shares of the company’s stock worth $1,340,000 after buying an additional 60,494 shares during the period. Sei Investments Co. purchased a new stake in EP Energy Corp. during the fourth quarter worth $1,663,000. First Trust Advisors LP boosted its stake in EP Energy Corp. by 76.6% in the fourth quarter. First Trust Advisors LP now owns 1,179,331 shares of the company’s stock worth $5,165,000 after buying an additional 511,528 shares during the period. Finally, Morgan Stanley boosted its stake in EP Energy Corp. by 15.1% in the fourth quarter. Morgan Stanley now owns 2,112,600 shares of the company’s stock worth $9,253,000 after buying an additional 277,823 shares during the period.
EP Energy Corporation (EP Energy) is an independent exploration and production company. The Company is engaged in the acquisition and development of unconventional onshore oil and natural gas properties in the United States. The Company operates through a diverse base of producing assets and are focused on creating value through the development of its drilling inventory located in four areas: the Eagle Ford Shale (South Texas), the Wolfcamp Shale (Permian Basin in West Texas), the Altamont Field in the Uinta Basin (Northeastern Utah) and the Haynesville Shale (North Louisiana).
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